Caterham has belatedly confirmed reports that talks about a possible merger with rival backmarker Marussia took place over the winter.
In explaining the delay in Marussia being offered a 2013 commer...

Caterham has belatedly confirmed reports that talks about a possible merger with rival backmarker Marussia took place over the winter.

In explaining the delay in Marussia being offered a 2013 commercial deal, Bernie Ecclestone dropped the bombshell about the mooted merger.

"As I understand it, the conclusion (of the merger talks) was unacceptable to our shareholders," Marussia chief executive Graeme Lowdon said on Thursday.